RE:RE:RE:RE:RE:RE:RE:AXR to GoldGS77...Congrats on having the courage to double down. It's very difficult to throw money at a stock that has been so thoroughly pummeled, especially if one personally participated in the bloodletting. I know this from my own experience: I doubled down myself, but at a much higher level, and am hesitating to roll the dice once again, despite all the arguments I see in favor of it.
Is Alexco seriously in danger of going out of business? Of being taken over? Is it subject to massive dilution in order to keep management in luxury and the mill from rusting into oblivion? Is its 64M oz. silver hoard hopelessly uneconomic, had it chosen to high-grade the mill instead of being patient with the price of silver? Will it never get the opportunity to explore the 95% of Keno that hasn't even been drilled yet? And most importantly, is the price of silver going to plummet into the low teens again and stay there forever?...The answer to all of these is at best no, and at worst, probably not.
Alexco - with bonanza grade deposits, five or more producing mines, an operable mill, and a proven track record - is selling at less, comparably, than many wannabe miners sitting on an unmined, unproven deposits, many of which are unlikely to see profitability even at considerably higher PM prices.
I almost envy those coming upon the opportunity to invest in AXR for the first time. The challenge for prior investors like us is judging the current risk-reward without the baggage of the past getting in the way.